GIFT City (Gujarat International Finance Tec-City) represents India’s first operational International Financial Services Centre (IFSC) and a landmark initiative aimed at positioning the country as a globally competitive financial hub. Conceptualized as a world-class financial and technology ecosystem, GIFT City has been developed to attract international financial services and...
Read MoreAn auditor is an independent professional appointed to examine the books of accounts of a company and report whether the financial statements give a true and fair view of the company’s financial position. Appointment of First Auditor (a) Other than Government Companies Section 139(6) Appointed by the Board of...
Read MoreA rights issue is a way for a company to raise additional capital by offering its existing shareholders the right to purchase new shares in proportion to their current holdings. It is a common method used by companies to fund expansion, repay debt, or strengthen their balance sheet. Key...
Read MoreAs we are heading to a new financial year, it’s important to keep track of compliances and complete them within the due dates. We are happy to share a comprehensive compliance calendar for Companies Act 2013 and Foreign Exchange Management Act (FEMA), 1999 and Prevention of Sexual Harassment of...
Read MoreInitially, fast-track merger was available for two or more small companies, a holding company with its wholly owned subsidiary, and two or more start-ups. Recent amendment effective 4th September 2025 have expanded this to include the following: unlisted companies meeting prescribed criteria- having loan less than 200...
Read MoreDue diligence (DD) is a systematic process of verifying, analyzing the records, agreements, contracts of a business and ascertaining the protentional risks, non-compliance or hidden liabilities. The growing prevalence of due diligence in businesses is being driven by increased fundraising, acquisitions, and mergers and acquisitions (M&A) activity, as organizations...
Read MoreIn the corporate world compensation goes beyond just salary, businesses now offer ownership stakes to its employees. The most used instrument to offer the stake is Employees Stock Options (ESOPs) which can be direct or through trust. The popularity of ESOPs among new-age companies and startups had always been...
Read MoreCompanies Act 2013 provides for two distinct mechanisms to treat non-compliance of various requirements of Law. The process, responsible authority and the applicability differ in both. Both adjudication and compounding can be sou motu or on receipt of notice from the Regulatory. Let us understand the difference between the...
Read MoreCS professionals need to gear up for the last leg of shifting of 38 forms in MCA to V3 filing-web based filing to remove clerical errors, manual effort. To support the transition, V 2 filing has been disabled from 18th June 2025 and New forms to be made available...
Read MoreIn today’s dynamic business environment, companies often undergo transformation to stay relevant and competitive. Whether it’s due to a rebranding initiative, strategic pivot, merger, or expansion into new business areas, the need to change a company’s name or object clause becomes a critical consideration. In India, such changes must...
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